Everyone loves Las Vegas, but Nevada film tax incentives make the entire state of Nevada a great location for film production. KPM Film Credit Advisors know the Nevada Transferable Tax Credit Program and other NV film tax incentive programs and can help you hit the jackpot with these considerable production tax incentives and tax credits.
Nevada Film Tax Incentives and Information
|Type of Incentive
||Tax credit; non-refundable; transferable; 4 year carry forward
||15% of qualified spend in state (including resident labor). Additional 2% if more than 50% of below-the-line personnel are residents and an additional 2% if more than 50% of filming days occur in an eligible county.12% of nonresident labor in calendar year 2014 and 2015; 10% of nonresident labor in calendar year 2016; 8% of nonresident labor in calendar year 2017.
|Minimum Local Spend
||$500,000; 60% of total qualified production expenditures must be incurred in state.
|Loan-Out Company Considerations
||Hotel Occupancy Tax Relief Available
|Qualified Production Expenditures
||Incurred in State; In-State Vendors; Fringes Paid for Qualified Labor; Taxes Paid for Qualified Labor. Contact us for more details.
||Resident and Nonresident; Above the Line and Below the Line. Labor qualified up to $750,000 for any one employee. The total compensation for producers must not exceed 10% for resident producers and 5% of nonresident producers.
||June 30, 2023
||Nevada Film OfficeCharles Geocaris, Director
The Nevada Film Tax Incentives Program
KPM Film Credit Advisors can help you decide if the benefits of the Nevada film tax incentive program are right for your project. Contact us at (781) 849-5357 or email us today and we can compare the Nevada film tax incentive program with other state film tax credit or film tax incentive programs and help decide which one is right for your film or TV project.
NOTE: This content has been prepared by Kevin P. Martin & Associates, P.C. for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact us to confirm any laws or the effect of incentives on your project.